The value of US imports of textiles and clothing has continued to shrink, decreasing by 19.98% to $25.874 billion in the first three months of 2023 from $32.331 billion in the corresponding period of 2022. With a 23.78% market share, China continues to be the US’s top supplier of textiles and apparel. Vietnam comes in second with a 14.75% share.
According to the most recent Major Shippers Report published by the US department of commerce, apparel accounted for the majority of US textile imports in January–March 2023, totaling $19.472 billion, while non–apparel imports totaled $6.400 billion. Inbound shipments decreased for both segments.
Compared to the $24.259 billion dealt in, imports of clothing fell by 19.73%. Non-apparel imports decreased by 20.71% from $6.400 billion in the same period the previous year from January to March 2022. The import from any of the top ten apparel suppliers to the US did not increase. China and Cambodia saw a fall in imports of 34.89% and 32.57%, respectively. Vietnam’s imports decreased by 24.25 percent, Pakistan’s by 26.7 percent, Honduras’ by 15.84 percent, Bangladesh’s by 13.34 percent, and India’s by 11%.
Mexico was among the top ten non-apparel suppliers, with an increase of 10.20% year over year in imports. No other country’s imports increased during this time. On the other hand, imports from Vietnam decreased by 12.58%. cargo arriving from elsewhere Non-apparel imports decreased by 20.71% from $6.400 billion in the same period the previous year from January to March 2022. The import from any of the top ten apparel suppliers to the US did not increase. China and Cambodia saw a fall in imports of 34.89% and 32.57%, respectively. Vietnam’s imports decreased by 24.25 percent, Pakistan’s by 26.7 percent, Honduras’ by 15.84 percent, Bangladesh’s by 13.34 percent, and India’s by 11%.
Mexico was among the top ten non-apparel suppliers, with an increase of 10.20% year over year in imports. No other country’s imports increased during this time. On the other hand, imports from Vietnam decreased by 12.58%. cargo arriving from elsewhere Countries like China, Turkey, and Canada also experienced declines. In particular, imports from China and India fell by 33.28% and 21.73%, respectively.The sum of US textile and clothing imports for the time period under consideration was $25.874 billion. Products made of man-made fibres were worth $13.258 billion, while those made of cotton were worth $10.876 billion. items made of wool accounted for $780.065 million, while silk and vegetable fibre items brought in $956.980 million.
The amount of textile and apparel that the US imported in 2022 increased from $113.938 billion in 2021 to $132.201 billion. Following a dramatic dip in 2020, when the nation’s imports fell to $89.596 billion from $111.033 billion in 2019, there was a big uptick in 2019.
